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President Ranil Wickremesinghe says he took over the Titanic after it hit the iceberg and now he is trying to move the ship off the iceberg. He says once the Titanic is moved off the iceberg the country can move forward. The President said that Sri Lanka has declared itself bankrupt and the Government is […]
[…]The post Indian-Israeli Involvement In Sri Lanka Is A Disaster appeared first on Colombo Telegraph.
With the downfall of British Prime Minister Liz Truss after less than six weeks in office, the ruling Conservative party quickly tipped Rishi Sunak, a former finance minister, to take her place. The 42-year-old Sunak is both the UK’s wealthiest prime minister and its youngest in over 200 years. He is also the UK’s first […]
A meeting of UN Security Council Counter-Terrorism Committee will be held in Mumbai and Delhi on October 28 and 29 and the overarching theme is ‘Countering the use of new and emerging technologies for terrorist purposes’. Addressing a joint media briefing here, Ruchira Kamboj, India’s Permanent Representative to the United Nations who is also Chair […]
Chinese debt inducing infrastructural projects in the African continent are causing severe concerns in the region as a whole. Across the continent, China has planned out investments through different segments enabling it to wider its already hostile sphere of influence. Yet in all the worry that seems to be rising within economic circles of different […]
Washington [US], October 25 (ANI): In three separate cases, the US government has charged 13 individuals, including members of China’s security and intelligence apparatus and their agents, for alleged efforts to unlawfully exert influence in the United States for the benefit of their government. “As these cases demonstrate, the government of China sought to interfere […]
Twin car bomb explosions near a busy junction in Somalia’s capital, Mogadishu, killed at least 100 people, President Hassan Sheikh Mohamud says. Among the victims “who were massacred [were] mothers with their children in their arms”, the AFP news agency quotes the president as saying. He appealed for international medical help to deal with the […]
COPF (Committee on Public Finance) Chairman and SJB MP, Dr Harsha de Silva, has demanded to know why the government allegedly shared the Staff-Level agreement with the International Monetary Fund (IMF), with other official committees, before submitting it to the COPF.Dr de Silva has, in a tweet, questioned why the IMF Staff-Level Agreement had been […]
Sri Lanka’s worst post-war economic crisis represents a major blow to the country’s progress towards achieving the United Nations’ Sustainable Development Goals (SDGs), efforts that were already hobbled by the COVID pandemic. However, the situation is also providing impetus to the work of academics that are using their knowledge to tackle the immediate fallout from […]
[…]The post Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 appeared first on Colombo Telegraph.
[…]The post Belated Damage Control Exercises Of Wickremesinghe & Sabry, Nothing But Exercises In Futility appeared first on Colombo Telegraph.
Islamabad [Pakistan], October 24 (ANI): In addition to multi-billion-dollar China-Pakistan Economic Corridor (CPEC), Pakistan and China are set to start three new corridors in November, with the aim of strengthening bilateral ties. The formal launch of the projects could take place during Pakistan Prime Minister Shehbaz Sharif’s visit to China next month which is currently […]
When Soviet leader Nikita Khrushchev went to Peking on an official visit in July-August 1958, chairman Mao Zedong chose an unusual venue for one of their meetings―his private swimming pool. “You look after Europe, and leave Asia to us,” Mao told Khrushchev. The Soviet leader, however, was not impressed. “No one has authorised us to […]
The Financial Action Task Force (FATF) removed (October 21) Pakistan from its “grey list” after more than four years. The multilateral watchdog said Islamabad would continue its work to further improve systems to combat terror financing and money laundering. At the conclusion of FATF’s two-day plenary meeting in Paris, the body’s president, T. Raja Kumar […]
With the economic situation looking gloomy in Pakistan and the country being downgraded by Fitch and Moody, the International Monetary Fund has called on the nation to impose additional taxes worth PKR 600 billion, reported Express Tribune on Tuesday. The IMF has estimated that Pakistan may have to take additional revenue measures equal to 0.75% […]
Sri Lanka noted the critical support given by US President Joe Biden at a time the country is facing a crisis. President Ranil Wickremesinghe said that without Biden’s help Sri Lanka will not be having a successful Maha Season, the President’s Media Division said. Wickremesinghe also said that measures have been taken to strengthen the 74-year-old […]
Rupee average rose to as much as 1676.93 rupees a kilo in the first week of October.
The Minister of Agriculture, Mahinda Amaraweera says that the United States Agency for International Development (USAID) has agreed to donate 36,000 Metric Tonnes of triple superphosphate (TSP) fertilizer required for paddy cultivation in the next Yala season.
Minister of Finance, Shehan Semasinghe says that the plans are being implemented to prepare a proper program to revive the country s economy with the assistance of the International Monetary Fund (IMF).
The island is yet to explore the potential for marine-related activities.
Sri Lanka’s precariously low foreign reserves suffered another blow this week after Bangladesh’s Central Bank, Bangladesh Bank, directed all banks in that country to only resort to cash deals and no credit with Sri Lankan banks under an international payment settlement gateway.The post Sri Lanka’s forex reserves further hit by Bangladeshi move appeared first on Sri Lanka News - Latest Breaki...
The fifth edition of Race The Pearl, a 24-hour race that covers the entire length of 600 kilometres of Sri Lanka from top to bottom, will take place on the 5th of November, 2022. Setting off from Point Pedro to Dondra Head. Race The Pearl will see ten cyclists – one from the United States […]
The Surinamese Government has sought access to a woman arrested in Sri Lanka on suspicion of drug smuggling. The Ministry of Foreign Affairs, International Business and International Cooperation in Suriname said that information was requested from Sri Lanka on the basis of the Vienna Convention on Consular Traffic’ (Arts 5 and 36 paragraph 1c) and […]
By Norman Palihawadane The Financial and Commercial Crimes Bureau of the CID has arrested three persons for committing massive crypto currency fraud amounting to around Rs. 14 Billion (US $ 37,891,504.00)Police Spokesperson SSP Nihal Thalduwa said that the scam was committed by a Chinese couple together with a Lankan identified as Lamahewage Shamal Keerthi Bandara. […]
Catholics in Bahrain hail mainly from the Philippines, India and Sri Lanka. (UCAN) Pope Francis is set to make a four-day visit to Bahrain, a journey that will make him the first pope to visit the Arab kingdom just off the coast of Saudi Arabia in the Persian Gulf.The visit on Nov. 3-6 has two […]
[…]The post Britain’s New Prime Minister & Postcolonial Parliamentary Politics appeared first on Colombo Telegraph.
Former MP Ranjan Ramanayake left for the US after being cleared to travel overseas. Ramanayake was earlier blocked at the Bandaranaike International Airport (BIA) when he had attempted to travel overseas. The former MP had gone to the airport on Friday night to travel to the US to attend the premiere of his latest movie. However, […]
The Sri Lanka Government says the staff level agreement with the International Monetary Fund (IMF) is not a document but only an understanding. State Minister of Finance, Shehan Semasinghe tweeted saying the actions that need to be completed before any formal approval by the IMF Executive Board are being discussed with Government authorities. “The IMF “Staff […]
Three more suspects have been arrested over a major cryptocurrency scam involving two Chinese nationals. The Police have already arrested the two Chinese nationals and a Sri Lankan. The other three who have now been arrested are also Sri Lankans. The Chinese nationals were arrested at the Bandaranaike International Airport last month when they were […]
Sri Lanka has not approved cryptocurrencies yet